Business Topics

Feb 1, 2017

Keidanren seeks higher pay on annual basis

Japanese companies should consider ways to raise employee pay on an annual basis in this year’s shunto spring labor-management wage talks, Yasumi Kudo, vice chairman of the Japan Business Federation, or Keidanren, said. “It’s natural for companies with strong earnings to conduct wage hikes, ...

Jan 31, 2017

Diet enacts extra budget for disaster relief and defense

The Diet has enacted an extra budget worth ¥622.5 billion for fiscal 2016 through March to provide disaster relief and increase defense spending. The third supplementary budget for the current fiscal year includes ¥195.5 billion for areas hit by powerful typhoons and earthquakes in ...

BOJ lifts growth forecasts but warns of 'uncertainty'

Jan 31, 2017

BOJ lifts growth forecasts but warns of 'uncertainty'

The Bank of Japan hiked its economic growth forecasts on Tuesday, citing an improved global outlook and a weaker yen, but the country’s finance chief warned of “uncertainty” caused by the arrival of Donald Trump in the White House. After its first meeting of ...

Jan 31, 2017

Industrial output up 0.5 % in December on solid auto production

Industrial output rose 0.5 percent in December from November, lifted by robust production growth in transport equipment, government data showed Tuesday amid hopes for continued recovery. The government maintained its basic assessment, saying industrial production shows signs of improving. The index of output at ...

Jan 28, 2017

U.S. economic momentum faces wild card in Trump trade policy

The U.S. economy entered 2017 with a solid head of steam, driven by consumer spending and a pickup in business investment. President Donald Trump could add to that momentum — or kill it, if trade tensions keep flaring. Fourth-quarter figures released Friday showed how ...

Japan's CPI falls 0.3% in 2016 in first fall in four years

Jan 27, 2017

Japan's CPI falls 0.3% in 2016 in first fall in four years

Japan on Friday logged its first annual consumer price decline in four years, underscoring the challenges facing Tokyo’s fight to rid the world’s No. 3 economy of deflation. Government data showed prices dropped 0.3 percent in 2016 from a year earlier, as weak household ...

Jan 25, 2017

Japan's fiscal 2020 primary budget deficit put at ¥8.3 trillion

Japan is expected to post a primary budget deficit of ¥8.3 trillion in fiscal 2020, even if the nation’s gross domestic product continues 3 percent or higher growth in nominal terms, a Cabinet Office estimate showed Wednesday. The government agency came up with the ...

Jan 25, 2017

Japan urged to tap young workforce ahead of 2030: report

Japan should tap the potential of young workers and encourage more people in their 30s and 40s to become chief executive officers, as part of a reform to revitalize the economy toward 2030, a government task force said Wednesday. Amid the graying of its ...